Trane Technologies plc (NYSE:TT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Trane Technologies plc (NYSE:TTGet Rating) have been given a consensus recommendation of “Hold” by the sixteen analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $196.25.

A number of analysts have recently commented on TT shares. Deutsche Bank Aktiengesellschaft dropped their price target on Trane Technologies from $189.00 to $184.00 and set a “hold” rating on the stock in a research report on Tuesday, February 1st. Morgan Stanley dropped their price target on Trane Technologies from $217.00 to $213.00 and set an “overweight” rating on the stock in a research report on Friday, January 14th. Barclays dropped their price target on Trane Technologies from $216.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. Credit Suisse Group dropped their price target on Trane Technologies from $213.00 to $204.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 1st. Finally, Zacks Investment Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $201.00 price objective on the stock in a research report on Monday, January 10th.

TT stock traded down $2.57 during mid-day trading on Friday, hitting $149.80. 1,014,249 shares of the stock were exchanged, compared to its average volume of 1,437,594. The stock has a market capitalization of $34.98 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.14 and a beta of 1.03. The business has a fifty day moving average price of $154.36 and a 200 day moving average price of $175.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.04. Trane Technologies has a 12 month low of $142.53 and a 12 month high of $207.06.

Trane Technologies (NYSE:TTGet Rating) last released its quarterly earnings data on Monday, January 31st. The company reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.05. Trane Technologies had a return on equity of 23.09% and a net margin of 10.07%. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Trane Technologies will post 7.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be paid a $0.67 dividend. The ex-dividend date is Thursday, June 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.79%. Trane Technologies’s payout ratio is presently 45.58%.

In other Trane Technologies news, SVP Keith A. Sultana sold 5,885 shares of the stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $160.00, for a total transaction of $941,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Keith A. Sultana sold 3,520 shares of the stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $160.05, for a total transaction of $563,376.00. The disclosure for this sale can be found here. Insiders sold a total of 14,424 shares of company stock valued at $2,295,970 in the last quarter. 0.74% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. raised its position in shares of Trane Technologies by 15.7% in the third quarter. SRS Capital Advisors Inc. now owns 405 shares of the company’s stock worth $70,000 after acquiring an additional 55 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Trane Technologies by 4.0% in the third quarter. Rehmann Capital Advisory Group now owns 1,447 shares of the company’s stock worth $250,000 after acquiring an additional 56 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Trane Technologies by 1.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,401 shares of the company’s stock worth $889,000 after acquiring an additional 59 shares during the period. OLD Second National Bank of Aurora raised its position in shares of Trane Technologies by 15.4% in the fourth quarter. OLD Second National Bank of Aurora now owns 450 shares of the company’s stock worth $65,000 after acquiring an additional 60 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Trane Technologies by 1.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,847 shares of the company’s stock worth $777,000 after purchasing an additional 61 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

About Trane Technologies (Get Rating)

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

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Analyst Recommendations for Trane Technologies (NYSE:TT)

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